Gapfill
QCOM: TWO WAYS, GAP UP OR GAP DOWN?QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance. Price/Earnings have been clamped down recently and it will be a good growth stock to lookout.
Looking for an ABC correction down to the 0.618 from here.Right now we're trading around and between support and resistance after filling a a gap visible on the weekly but now i would expect that we would make a lower high in this area and we will begin descending down to the 0.618 retrace from weekly low to high.
PLTR Gap Fill after bear flag trapPLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
ZNGA - Unusual call flowZNGA - A video game maker recently reported bad earnings and guided lower next Q. Unusual call flow in Sept $8/9 calls and Oct $10 calls. The OI change for the sept $8 calls was 55,369. Bollinger bands are squeezing on 30min and 60 min. Look for a pop up/gap fill in next week or 2.
Hash Ribbons have triggered the buy signal! (daily chart)We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not financial advice*
Gong down to fill gap on the 30 min chartTarget to fill $15 to $15.30 gap for confirmation to go long or short.